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Jan 16, 2013
01/13
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they don't want any taxes. the tax word is very powerful. for the republicans they're doing what their neighbors and constituents want. >> reporter: it doesn't sound like you think at least on the state level and maybe on the federal level that this ideological split, the republicans, democrats, at a party and so forth it doesn't sound like you have a lot of hope that that could be bridged. >> i'm a very hopeful person and i'm optimistic about california that we found a way around the log jam. but i have to tell you the ideology of the republicans is different than the democrats. they don't mind the inequality. or they believe by giving more money to the most well off that it will trickle down and everyone will get better off. yes, america is facing not a problem but a crisis of governing. if we can't overcome it, then we had deteriorate and no longer be a world leader. >> reporter: it's that serious? and just one question. you reported you had prostate cancer. >> yes. reporter: how are you doing? i'm doing well. ask me in 20 years. >> repor
they don't want any taxes. the tax word is very powerful. for the republicans they're doing what their neighbors and constituents want. >> reporter: it doesn't sound like you think at least on the state level and maybe on the federal level that this ideological split, the republicans, democrats, at a party and so forth it doesn't sound like you have a lot of hope that that could be bridged. >> i'm a very hopeful person and i'm optimistic about california that we found a way around...
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Jan 17, 2013
01/13
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WBFF
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new - taxes...// but... john rrdell says... that... ... is... rosy... "this budget will support 43,000 jobb throughoot our state."governor o'malley cclls his fiscal 20-14 budget...fiscally responsible. he says...after several yyarss of huge deffcits...maryllnd's economic pictuue is brightee. its longterm structural deficit...has nearlybeen - cuuhionn he bloo...from the &plingering stalmate inn congress...over raising the debt ceiling.(governor) "i we've made in termm of thee rainy day fund and he cash coming out o capitol hill." & but henna repooter asked... the governor aaoutthe possibility of increaaing was his reepy.(governor) "i'' not alkkig bout thatttoday but i donnt blame you for asking abouttit."(rrdell) "but as lawmakerssbegin to analyze this huge perating budget, 3 traasportatiin funding and -whether the governor will & eventually in either the ales taxxor the asollnn tax." (szeliga) "and it's billions and billions of dolllrs thht has no funning source and theee is no money in the 3 republicanss..who say most.... marylanders cannot afforddto p
new - taxes...// but... john rrdell says... that... ... is... rosy... "this budget will support 43,000 jobb throughoot our state."governor o'malley cclls his fiscal 20-14 budget...fiscally responsible. he says...after several yyarss of huge deffcits...maryllnd's economic pictuue is brightee. its longterm structural deficit...has nearlybeen - cuuhionn he bloo...from the &plingering stalmate inn congress...over raising the debt ceiling.(governor) "i we've made in termm of thee...
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Jan 17, 2013
01/13
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FOXNEWS
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it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ jenna: right now, here is a look at a few crime stories we are watching for you today. a former ivy league professor who pleaded guilty to fatally beating his wife as she wrapped christmas gifts it getting paroled from prison. he served five years for voluntary manslaughter in philadelphia. again, getting out on parole. the f.b.i. is offering a hundred thousand dollars, a reward for the so-called ak-47 bank robber. they say the suspect has robbed banks on the west coast and is wanted for shooting and injuring a california police officer. a u.s. soldier accused of killing 16 people in afghanistan will be arraigned today for murder. his name, robert bales. he's charged with gunning down mostly women and children in two villages last march. jon: the high stakes fight over gun control now, with new fallout today after the president unveiled his plans nearly two dozen executive actions, tou
it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ jenna: right now, here is a look at a few crime stories we are watching for you today. a former ivy league professor who pleaded guilty to fatally beating his wife as she wrapped christmas gifts it getting paroled from prison. he served five years for voluntary manslaughter in philadelphia....
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Jan 14, 2013
01/13
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FOXNEWSW
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government spend aka taxes. part of the heritage foundation's definition of economic freedom is the ability to invest your money however you want and hold on to your money. limited government was always one of the factors in the study. still very, very strong with protectionism is an issue the united states is facing. they are competitive in the global economic environment. it's not just about the u.s. any more. it's a very global marketplace we need to remain competitive. the rankings show we are slipping behind a little bit. we are still topping the world still a top ten but it's a struggling environment for us right now. >> barely top 10. sandra smith, fox business networks. 25 after the hour. still to come obama care was supposed to cut costs for healthcare to all. now we are finding another hidden fee that insurance companies will be charging you to pay for someone else. plus a teacher is told to remove a ronald reagan quote from her classroom because it could be offensive to her students. we will explain.
government spend aka taxes. part of the heritage foundation's definition of economic freedom is the ability to invest your money however you want and hold on to your money. limited government was always one of the factors in the study. still very, very strong with protectionism is an issue the united states is facing. they are competitive in the global economic environment. it's not just about the u.s. any more. it's a very global marketplace we need to remain competitive. the rankings show we...
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Jan 14, 2013
01/13
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CNBC
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the payroll tax hold day was not extended, so, that pushed the tax and social security up to 6.2% from 4.2%. despite the consumer discretionary shot up. no everyone is convinced the run can last as consumers feel the pinch. it's time for a street fight. karen is bullish on consumer discretionary, b.k. is bearish. so, beeks, lay out the bear case. >> okay, so, i start, karen is undefeated. i'm going to mind by ps and qs here. i think consumer discretionary is overdone here, primarily because when you look at consumer credit and disposable income, they increase one to one. we had an increase in consumer credit, away from the trend. you have an increase in disposable nexincome. it may not be a lot, but that could have a nonlinear effect on the area. when i look back at the valuation of it, xly or the underlying index is trading at the high end of its valuation on a p.e. and price to book ration owe is the word i was looking for. it a tough word. >> yeah. >> r-a-t-i-o. >> yes. >> i but curious about this, because it doesn't sound like a lot, but the tax policy center says that's $18 to $20
the payroll tax hold day was not extended, so, that pushed the tax and social security up to 6.2% from 4.2%. despite the consumer discretionary shot up. no everyone is convinced the run can last as consumers feel the pinch. it's time for a street fight. karen is bullish on consumer discretionary, b.k. is bearish. so, beeks, lay out the bear case. >> okay, so, i start, karen is undefeated. i'm going to mind by ps and qs here. i think consumer discretionary is overdone here, primarily...
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Jan 21, 2013
01/13
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KPIX
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only 5% thought tax reform was important. and you may be looking at this poll and thinking, well, what happened to the war in afghanistan? well, there it is, it comes in at 4%, health care at 5% ending the war in afghanistan the most important priority for only 4% of the american people. but we should not ever forget that as we sit here today approximately 60,000 americans are fighting in afghanistan. the president is drawing those troops down but we have a long way to go yet in that war that is now more than ten years old. john dickerson our cbs news political director, he's down on the national mall, john, you see that 35% by far the largest majority of people in our poll think the president needs to be working on the economy. >> that's still the single most important issue for the president, much further down or much smaller percentage want them work on the deficit. really the deficit and getting the budget picture in order, ending these endless confrontations over the budget will do something the white house believes and
only 5% thought tax reform was important. and you may be looking at this poll and thinking, well, what happened to the war in afghanistan? well, there it is, it comes in at 4%, health care at 5% ending the war in afghanistan the most important priority for only 4% of the american people. but we should not ever forget that as we sit here today approximately 60,000 americans are fighting in afghanistan. the president is drawing those troops down but we have a long way to go yet in that war that...
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Jan 19, 2013
01/13
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FBC
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i hate the tax. a crime culture. as for the mass killings in public places, that is a mental on this problem. lou: it is young, mentally ill, white men. >> not always. lou: i did not say always. 98 percent of the time. >> not really. lou: escobar really. >> up till you what happens. it is not. lou: who was at all right? was cut down the list. >> let me explain why your list will be off. the ones that attract the attention tend to be the white males. six months ago, nev. shot of the wendy's or and i hop, shot up a bunch of naval officers or army. why does that make no news? lou: 60%. >> basically it looks like america. it looks like america with our immigration problem. the lawyer alan drill road. immigrant. the one on talking about after arizona and nevada. when not immediately going to go on welfare. lou: the last four mass shootings and the country, and i will even exceed -- >> i think it's the last two. this panic is more recent than arizona's . lou: four of the last five were young men who were mentally disturbed
i hate the tax. a crime culture. as for the mass killings in public places, that is a mental on this problem. lou: it is young, mentally ill, white men. >> not always. lou: i did not say always. 98 percent of the time. >> not really. lou: escobar really. >> up till you what happens. it is not. lou: who was at all right? was cut down the list. >> let me explain why your list will be off. the ones that attract the attention tend to be the white males. six months ago, nev....
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Jan 13, 2013
01/13
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KBCW
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. >> and that is what that were sold on when they raised taxes, the idea of more money going toec. does it fulfill the promise? >> it provides $2.7 billion more to education and 500 million to higher education and that is where a lot of the support is and the governor made a contract. i think he has a contract with the voters and is willing to live up to that and ask for more resources and money and taxes. he got that and is not going to be responsible moving forward. >> and when we pass prop 30, it wasdoms day. we were going to see draconian cuts and now a surplus? did that solve the problem? >> the question is, were they telling the truth then? >> is that crying wolf then? >> it's not. this budget has $6 billion from the tax increase and without that $6 billion, we would be short that amount of money and we needed that to battlance the budget as the governor projected earlier. >> and we were up in sacramento on monday when the legislature got back together and we have a lot of new members up there and you couldn't recognize half of them and there is also, i saw the lobbyist in th
. >> and that is what that were sold on when they raised taxes, the idea of more money going toec. does it fulfill the promise? >> it provides $2.7 billion more to education and 500 million to higher education and that is where a lot of the support is and the governor made a contract. i think he has a contract with the voters and is willing to live up to that and ask for more resources and money and taxes. he got that and is not going to be responsible moving forward. >> and...
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Jan 14, 2013
01/13
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KTVU
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taxes. for people not earning that much, you may think well, who cares then. well, analysts say this is going to have a significant impact on the economy. families have less money to spend, especially in local stores, eating out or on vacation. that in turn could hurt our job market once again. coming up in our next hour of mornings on 2, the action some people say they're going to take that could really have a devastating effect on them later in life and on our economic future. tori, dave? >> pam, thank you. >>> time 7:49. inauguration day for president obama is one week from today. organizers held a dress rehearsal getting ready for the big event. >> this was the scene on the streets of washington, d.c. just yesterday. there was this rehearsal parade along with a mock swearing in ceremony. president obama's second inauguration will be smaller than his historic first swearing in. turnout is expected to be between 600,000 to 800,000. that compares to a record 1.8 million people four years ag
taxes. for people not earning that much, you may think well, who cares then. well, analysts say this is going to have a significant impact on the economy. families have less money to spend, especially in local stores, eating out or on vacation. that in turn could hurt our job market once again. coming up in our next hour of mornings on 2, the action some people say they're going to take that could really have a devastating effect on them later in life and on our economic future. tori, dave?...
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Jan 16, 2013
01/13
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MSNBCW
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we can be for lower taxes, less government, less regulation. we can agree on that. but that is sick. why don't they call him up and say shut up once in awhile. your thoughts? >> they should. and if rush limbaugh actually saw that classroom after that morning, the reality of the situation that we're talking about. >> two to eleven bullets in each kid. unrecognizable children. remember being in first grade? >> i have a son who's there. >> we all remember it a little bit. in a powerful moment today the president spoke about meeting the parents of newtown victim grace mcdonnell. there she is. let's take a look. >> grace was seven years old when she was struck down. just a gorgeous, caring, joyful little girl. i'm told she loved pink. she loved the beach. she dreamed of becoming a painter. chris, her father, gave me one of her paintings. and i hung it in my private study just off the oval office. and every time i look at that painting, i think about grace. and i think about the life that she lived and the life that lay ahead of her. and most of all i think about how when
we can be for lower taxes, less government, less regulation. we can agree on that. but that is sick. why don't they call him up and say shut up once in awhile. your thoughts? >> they should. and if rush limbaugh actually saw that classroom after that morning, the reality of the situation that we're talking about. >> two to eleven bullets in each kid. unrecognizable children. remember being in first grade? >> i have a son who's there. >> we all remember it a little bit....
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Jan 13, 2013
01/13
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if i'm paying taxes to the program government for increased taxes on my business, i'm not able to buy new equipment. i'm not able to put more men to work. and my men's future is less certain because it's the money that i invest in equipment which gives them their job security, the productivity and the wages they enjoy. >> mike: so capital expenses go down. [ applause ] bill. >> mike: because you don't have the capital to expand the business. >> equipment that american manufacturers rely on to compete in a low wage global environment go away. mike mipg travis, what happens in your business in this coming year? >> we had two huge rollouts the left model for chord buddy 20% of people are left handed the classical model for chord buddy will not happen. we will not get the breaks that we needed to write off that money, you know, tax wise. >> let it's not there anymore new product somebody has got it to build if it and ship it and sell it it's several jobs down the line that went happen because you don't have the money to make that work. >> right. >> all right. and, john, you talked about t
if i'm paying taxes to the program government for increased taxes on my business, i'm not able to buy new equipment. i'm not able to put more men to work. and my men's future is less certain because it's the money that i invest in equipment which gives them their job security, the productivity and the wages they enjoy. >> mike: so capital expenses go down. [ applause ] bill. >> mike: because you don't have the capital to expand the business. >> equipment that american...
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Jan 15, 2013
01/13
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it's a special tax form. have you to file for every single state that you're in where the pipeline might go through. it's a little complicated so some people have been buying exchange-traded funds because there's mlp exchange-traded funds. the point is if you're interested in dividends, these -- these kinds of deals are very, very host investments. two other ones are coming this week. >> not really seeing the kind of pace that we've seen for ipos. haven't seen the business come back. >> norwegian cruise lines goes back. not a massive limited partnership. >> that's a very well known name. >> sure they will be trying it out. >> get me my sunglasses. >> closing countdown coming up. >> and is congress threatening the economy with the looming fight over the debt ceiling? something we're all talking about, and will washington ever get serious about fixing the debt crisis. do not miss, this should be pay-per-view's, maria's exclusive interview with alan simpson coming up on the "closing bell." >> he's always great.
it's a special tax form. have you to file for every single state that you're in where the pipeline might go through. it's a little complicated so some people have been buying exchange-traded funds because there's mlp exchange-traded funds. the point is if you're interested in dividends, these -- these kinds of deals are very, very host investments. two other ones are coming this week. >> not really seeing the kind of pace that we've seen for ipos. haven't seen the business come back....
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Jan 14, 2013
01/13
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tax bite. >> tax bite all day on cnbc a special series that we're calling a tax bite. where did your money go? earlier this morning we talked to piper jaffray retail analyst about the impact of the higher payroll tax. >> what we get most concerned about would be at the lower income end of the spectrum where consumers live on more of a month-to-month budget. that's just less money for a lot of retailers that would cater to that income demographic. >> you're looking at retailers -- >> that would be the dollar stores. specifically like family dollar, dollar general, or dollar tree. >> joining us now howard levine, chairman and ceo of family dollar stores. you're sensitive to this type of stuff, howard. thanks for coming on today. in past periods like this, is there a pretty clear-cut cause and effect that we will see if people, if your customers get $15 less per week, that $15 cannot make its way into family dollar's coffers, can it? >> sure, joe. and good morning, everybody. thanks for having me this morning. you know, when i think about some of the current news, i've be
tax bite. >> tax bite all day on cnbc a special series that we're calling a tax bite. where did your money go? earlier this morning we talked to piper jaffray retail analyst about the impact of the higher payroll tax. >> what we get most concerned about would be at the lower income end of the spectrum where consumers live on more of a month-to-month budget. that's just less money for a lot of retailers that would cater to that income demographic. >> you're looking at retailers...
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Jan 20, 2013
01/13
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. >> stop cap and tax! stop cap and tax. >> meanwhile, across the country, a new political force was mobilizing, the tea party movement, who aimed to push the government further to the right. >> stop spending money, now. >> in the 2010 midterm elections, the republicans, many backed by the tea party, won the house and weakened the democrats in the senate. most of these freshman came to washington now, not to meet and negotiate, but to demolish a government they saw as bloated, rotten, tyrannical. >> the reason we came here, the new freshman are here, is because the american people said, enough. >> can you hear us now? can you hear us now? >> sometimes the opposition to the president took an uglier, even racist tone. false claims first heard during the campaign reemerged, questioning obama's religion, denying he was born in the country. >> he is not an american citizen! he is a citizen of kenya! >> did it surprise you that at this point in our history, they would try to de-americanize this guy? did it surpri
. >> stop cap and tax! stop cap and tax. >> meanwhile, across the country, a new political force was mobilizing, the tea party movement, who aimed to push the government further to the right. >> stop spending money, now. >> in the 2010 midterm elections, the republicans, many backed by the tea party, won the house and weakened the democrats in the senate. most of these freshman came to washington now, not to meet and negotiate, but to demolish a government they saw as...
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Jan 15, 2013
01/13
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KNTV
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taxes and herpes, you can count on, baby. >> forever. there are so many theory on why this didn't last. some are saying -- look at that face. some are saying she wanted more kids. he didn't. some say she wanted him to be around more, but he was doing his own thing. who knows? she has returned the $90,000 ring, and we'll all move on, allegedly. >> she's going to make some huge fat deal to do one of those major mega performance things in vegas. i heard a number like $100 million tossed around yesterday on the tv. >> are you kidding? >> let them come to you instead of you traveling. >> buy a house, get your kids in school, and you can live the life you want. >> what about the movies this weekend? what's doing well? >> "zero dark thirty." >> really? >> now that the buzz and jessica chastain will help. as far as talking purposes it's been out for a while, but it just opened up last week. it's a great film. well acted. everyone knows the story obviously of the capture of osama bin laden, but now it's a chance to go see it. >> do you think that
taxes and herpes, you can count on, baby. >> forever. there are so many theory on why this didn't last. some are saying -- look at that face. some are saying she wanted more kids. he didn't. some say she wanted him to be around more, but he was doing his own thing. who knows? she has returned the $90,000 ring, and we'll all move on, allegedly. >> she's going to make some huge fat deal to do one of those major mega performance things in vegas. i heard a number like $100 million...
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Jan 15, 2013
01/13
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the findings, the budget is balanced thanks to increased tax revenues. the analyst also praised governor brown for emphasizing fiscal restraint. >> a high-profile autopsy report revised. still ahead, the twist in the investigation into the death of natalie wood. >> iphone 5 not selling nearly as well as expected. how sluggish demand led to a low point for the cupertino company today. >> fine play-off performance breeding a twitter trend. the 49ers tribute called kaepernicking. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possi
the findings, the budget is balanced thanks to increased tax revenues. the analyst also praised governor brown for emphasizing fiscal restraint. >> a high-profile autopsy report revised. still ahead, the twist in the investigation into the death of natalie wood. >> iphone 5 not selling nearly as well as expected. how sluggish demand led to a low point for the cupertino company today. >> fine play-off performance breeding a twitter trend. the 49ers tribute called kaepernicking....
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Jan 15, 2013
01/13
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when you file your taxes. i read the whole 900 pages. i will give you a tax and health care review. i can help you figure it out. ♪ i can help you figure it out. mommy! i went potty! that's great, honey..... where? for life's bleachable moments. dare to leave your lipstick at home. new revlon colorstay ultimate suede™ lipstick gives you all-day color and instant moisture with shea butter and aloe. for food-proof wear and velvety soft lips. [ female announcer ] eggo waffles are a great way to get your family together for breakfast. in fact, they might work too well. [ ding! ] [ shuffling, scooting ] [ clears throat ] [ children laugh ] [ female announcer ] golden, crispy outside. warm and fluffy inside. we are one good-looking family. [ children laugh ] [ female announcer ] eggo waffles. simply delicious. >>> when queer faced with adversity or a difficult life experience sometimes we wish we could just look into the future to see how we would recover. well, hoda's search for individuals that came face-to-face with their biggest fears to find out not only how they survived but how
when you file your taxes. i read the whole 900 pages. i will give you a tax and health care review. i can help you figure it out. ♪ i can help you figure it out. mommy! i went potty! that's great, honey..... where? for life's bleachable moments. dare to leave your lipstick at home. new revlon colorstay ultimate suede™ lipstick gives you all-day color and instant moisture with shea butter and aloe. for food-proof wear and velvety soft lips. [ female announcer ] eggo waffles are a great way...
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Jan 21, 2013
01/13
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FOXNEWSW
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to do it he will have to raise taxes. that will be one of the number one issues on his agenda to raise taxes way beyond where we have been ever since the reagan era. >> juan, how can that be? he has to see the spending problem that we are in. what do you think the thought process is about that since has done some cuts but not enough to make a difference. what do you think his thoughts are on it? >> when you think of some of the positions of debt reduction president obama has been slow to the table in part because he doesn't see republicans as a worthy partner for the steps that have a strong political fallout. people will punish you for people cutting the entitlement programs people punish you at the polls rhetorically. one of steve's great heros congressman ryan of wisconsin took some of that risk and saw the kind of pounding that you take for saying, yes, i would make strong cuts when it comes to something like medicare. i think president obama has been reluctant to join in that junk without knowing that in fact speaker
to do it he will have to raise taxes. that will be one of the number one issues on his agenda to raise taxes way beyond where we have been ever since the reagan era. >> juan, how can that be? he has to see the spending problem that we are in. what do you think the thought process is about that since has done some cuts but not enough to make a difference. what do you think his thoughts are on it? >> when you think of some of the positions of debt reduction president obama has been...
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Jan 19, 2013
01/13
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that's at the bottom of the hour, but next, think the payroll tax hike is the only thing taking a bite out of your wallet? guess again, the sticker shock stunner that's slamming us all and the government denies it. get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. progress-oh! [ female announcer ] with 40 delicious progresso soups at 100 calories or less, there are plenty of reasons people are saying "progress-oh!" share your progress-oh! story on facebook. yeah. then how'd i get this... [ voice of dennis ] ...safe driving bonus check? every six months without an accident, allstate sends a check. ok. [ voice of dennis ] silence. are you in good hands? >> good morning, everyone, we're live in
that's at the bottom of the hour, but next, think the payroll tax hike is the only thing taking a bite out of your wallet? guess again, the sticker shock stunner that's slamming us all and the government denies it. get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not...
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Jan 14, 2013
01/13
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CSPAN
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he cut taxes, but he also continued to spend. if you spend without cutting taxes, you are delaying when the taxation takes place. he was not really cutting taxes. he was doing it in a sneaky way rather than a nice way. he was a militant person. he was an interventionist. he wanted paltry conservative moral values to the respected by government but be imposed in certain ways as well. he used a lot of liberty-based talk. that does not mean he walk that walk. >> what about the assertion the professors look down their nose at libertarians? case. bad thing. that is something -- that is how people are in general. most people have the following view -- my view is reasonable and other people are either stupid or mean if they disagree with me. stupid or selfish. that is the only reason anyone would disagree with me. that is true of your typical professional who is a left liberal. -- professor who was a left liberal. if they are not left liberal, they are hardcore left. >> why are most professors liberal or liberal left? >> i am not sure.
he cut taxes, but he also continued to spend. if you spend without cutting taxes, you are delaying when the taxation takes place. he was not really cutting taxes. he was doing it in a sneaky way rather than a nice way. he was a militant person. he was an interventionist. he wanted paltry conservative moral values to the respected by government but be imposed in certain ways as well. he used a lot of liberty-based talk. that does not mean he walk that walk. >> what about the assertion the...
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Jan 18, 2013
01/13
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CNBC
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cut, and the upper income tax hikes. the $250,000 of drag, right? so we just haven't seen that effect yet. >> all right, rebecca, i have two for you. number one is that i'm reading that the euro crisis this year is going to go on the back burner even though nothing's been settled. it just seems like people aren't as concerned about it. so, i guess that explains the euro's move. and then, this news out of japan that kelly's all -- talks about all the time. >> she's teed up on. >> she's very teed up on that. and reading some of the stuff that abe is getting accomplished, it is different. i mean they're going to do -- they're going to -- >> they're going to out-fed the fed. >> exactly. and you know, they haven't had -- do you remember the last time they've had 2% inflation? >> twice in the last two decades. briefly. one on the back of a tax increase. >> just really brief. >> they've flirted with 2% and that's come back -- >> you think they can orchestrate that? >> i'm dubious for now. but if you have a better u.s., a quiet
cut, and the upper income tax hikes. the $250,000 of drag, right? so we just haven't seen that effect yet. >> all right, rebecca, i have two for you. number one is that i'm reading that the euro crisis this year is going to go on the back burner even though nothing's been settled. it just seems like people aren't as concerned about it. so, i guess that explains the euro's move. and then, this news out of japan that kelly's all -- talks about all the time. >> she's teed up on....
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Jan 18, 2013
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type flat tax. host: do you think that would work? caller: i think that would eliminate all these loopholes people take twn tax code system. if you're married, own a house, have children, you get all these deductions and if you don't have any of those things, then you don't get to take any of those deductions so it's just not fair. if your income comes from capital gains there is a different tax rate for you. if the government wants to help bring the economy back, make everything fair across the board as far as taxes go. host: thanks for the call. we welcome our listeners and our focus this morning the role of government in solving america's problems. it was something that dwight eisenhower talked about in his fair well address 52 years ago this week. from our twitter page there is this from one of our viewers -- rick is joining us from maryland democrats line. good morning. caller: good morning. i think the government should be a part of our life, because without the government all these millionair
type flat tax. host: do you think that would work? caller: i think that would eliminate all these loopholes people take twn tax code system. if you're married, own a house, have children, you get all these deductions and if you don't have any of those things, then you don't get to take any of those deductions so it's just not fair. if your income comes from capital gains there is a different tax rate for you. if the government wants to help bring the economy back, make everything fair across...
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Jan 17, 2013
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be about 5 to 7% lower, meaning those people in the exchange that needed a subsidy would take fewer tax dollars and it is also estimated that it would serve as an anchor, because there's competition, to bring down the cost of health care, even in the private sector as well. >> when is the government -- when is the government ever done that? with george bush's plan, you were critical and had a right to be for prescription drug benefit. the argument ises that it would drive down the cost of those drugs. if anything they have soared since that benefit came in because the government cannot act as a source of even buying in bulk for cutting prices. >> that's exactly right. and in fact i'm also supportive of legislation that would allow medicare, just leak the veterans administration to negotiate with the manufacturers, the drug companies, for lower drug prices. and i guess the point is that there are -- >> it doesn't work. didn't work in the case of drug prescriptions. if you were to expand this to care, what -- >> no, no. >> what is the chance you would get more bang for the buck? >> here's
be about 5 to 7% lower, meaning those people in the exchange that needed a subsidy would take fewer tax dollars and it is also estimated that it would serve as an anchor, because there's competition, to bring down the cost of health care, even in the private sector as well. >> when is the government -- when is the government ever done that? with george bush's plan, you were critical and had a right to be for prescription drug benefit. the argument ises that it would drive down the cost of...
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Jan 20, 2013
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business leaders are begging for corporate tax reform. to have tax reform being part of a debt deal, all of these things will help get the economy on course faster than it is now. >> listen, it seems to me this is the absolute crux, isn't it? this sort of paralysis we've seen in washington, the very silly behavior that many would see, as we've witnessed in the last two years. this has to come to an end. i'm quite disturbed really, when margaret says john boehner is not going to get in a room and get stuff done. that's what gingrich and clinton did. they fwoet told me that. they learned the hard way when government came to a grinding halt. and that's when they got in a room together. i would like to see the speaker and the president get in a room. i think they've been equally to blame in many ways for this impasse between them in the last four years. i don't want to see them do it the official way. you have a democratic senate, a republican congress, i don't see how stuff gets done. >> the 1996 re-election of bill clinton basically settled
business leaders are begging for corporate tax reform. to have tax reform being part of a debt deal, all of these things will help get the economy on course faster than it is now. >> listen, it seems to me this is the absolute crux, isn't it? this sort of paralysis we've seen in washington, the very silly behavior that many would see, as we've witnessed in the last two years. this has to come to an end. i'm quite disturbed really, when margaret says john boehner is not going to get in a...
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Jan 13, 2013
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done everything to make sure that there is, you know, they had a fullback ground check, paid the back taxes. we got to do this in a way that kids, all ofgives all of these people an opportunity to be a citizen of the united states of america. >> schieffer: you are also trying to do something about guns. what do you want to see in that field? the vice president is setting up this task force. you just heard john mccain is saying he would not put a ban on assault weapons. there is still a lot of controversy on this. what needs to happen here and how do we get that. >> after newtown the massacre of 22 children in an elementary school. we can find a middle ground here. the fact of the matter is vice president biden sat with all of the constituents including the nra. i do believe that we need an assault weapons ban. california i was one of the authors of the assault weapons ban. it's important. i think we need to ban high capacity magazines. we need universal background checks. right now 40% of all the sales of guns and assault weapons are dub privately. and you don't need a background check for
done everything to make sure that there is, you know, they had a fullback ground check, paid the back taxes. we got to do this in a way that kids, all ofgives all of these people an opportunity to be a citizen of the united states of america. >> schieffer: you are also trying to do something about guns. what do you want to see in that field? the vice president is setting up this task force. you just heard john mccain is saying he would not put a ban on assault weapons. there is still a...
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Jan 20, 2013
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because in our budget that we will pass, we will lift tax reform, which many of my republican colleagues liked, but it will include revenues. it's a great opportunity to get us more revenues to help in part deal with sequestration and deal with the issue of -- >> but senator schumer, the reality is the president is willing to throw the long ball on this big sunday of football, when it comes to gun control. and yet because of his view of republican recalcitrants, he doesn't step up and show real leadership and be proactive on a big spending cut proposal and medicare put proposal because he doesn't want to go there. why throw the long ball when it comes to gun control but not take a leadership role when it comes to spending cuts? >> well, he is. in the negotiations up to the fiscal cliff, the president put things on the table. $400 billion in medicare cuts. he was talking about change cpi, which -- >> you're talking about more revenue. that's not big enough on medicare cuts according to simpson-bowles and others. >> we have already done $1.7 trillion in cuts. we've done $600 billion in rev
because in our budget that we will pass, we will lift tax reform, which many of my republican colleagues liked, but it will include revenues. it's a great opportunity to get us more revenues to help in part deal with sequestration and deal with the issue of -- >> but senator schumer, the reality is the president is willing to throw the long ball on this big sunday of football, when it comes to gun control. and yet because of his view of republican recalcitrants, he doesn't step up and...
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Jan 15, 2013
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minds that any more fiscal policy, you potential le get a slowing of demand and the example here is the tax increases that were agreed which involved a reduction of the payroll -- sorry, a reverse of the payroll tax reductions. people now saying, well, actually, that reduces take home pay. so perhaps this congress also looks at the potential economic implications of spending cuts and it makes it easier to get on a compromise at this stage. >> evans is talking about 2.5% this year, 3% next year. are those achievable targets? are they too optimistic? >> no. that seems about right. the same order of numbers in the federal reserve, central tendency, as well, for this year and next year prosecute we are seeing some momentum in the u.s. economy, most notably in the housing market and we're getting more regular increases in nonfarm payrolls, as well. there is upward momentum there and that would be, we think, partly checked by tightening and fiscal policy, of course, provided that you get an agreement on spending reduction. >> you didn't stay in, but that's a pretty big if, still. we can read that
minds that any more fiscal policy, you potential le get a slowing of demand and the example here is the tax increases that were agreed which involved a reduction of the payroll -- sorry, a reverse of the payroll tax reductions. people now saying, well, actually, that reduces take home pay. so perhaps this congress also looks at the potential economic implications of spending cuts and it makes it easier to get on a compromise at this stage. >> evans is talking about 2.5% this year, 3% next...
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Jan 20, 2013
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they save on federal state and fica taxes associated with that deduction. that money stays in their paycheck. >> 17,000 commuters scurrently participate. head to the private economy page of wbal-tv.com. >>> 11 news reporter has the weekend blam berg business repo -- bloomberg business report. >> get ready to pay more for groceries. a drought can wreak havoc on food prices again. the drop that sent some crop prices to records over the summer could stretch into the second year. as we get ready to celebrate the life and legacy of dr. martin luther wing jr. on monday it has hurt people of color with overall economic well-being toward blacks and latinos. are you looking for a new home? how about the husband on 1600 pennsylvania avenue. according to the real estate firm they have an estimated value of nearly $295 million. in theory as a potential fooibu 30 year fixed mortgage rate 20 percent down payment that works out to 1.1 million a month for the 35 bathroom house. but if the obama's wanted to rent out the white house to another family tenants could expect to
they save on federal state and fica taxes associated with that deduction. that money stays in their paycheck. >> 17,000 commuters scurrently participate. head to the private economy page of wbal-tv.com. >>> 11 news reporter has the weekend blam berg business repo -- bloomberg business report. >> get ready to pay more for groceries. a drought can wreak havoc on food prices again. the drop that sent some crop prices to records over the summer could stretch into the second...
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Jan 16, 2013
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obama demands the wealthy pay their fair share of taxes, but he's just another elitist hypocrite when it comes to a fair share of security. protection for their kids and gun-free zones for ours. >> suarez: today, a white house spokesman called the ad with its use of the obama children repugnant and cowardly. >> brown: coming up, we'll have reaction to the president's approach. also ahead: general stanley mcchrystal; the obama campaign's online push and a cyclist's confession. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: president obama is losing another member from his first-term cabinet. interior secretary ken salazar announced today he will step down in march, after four years on the job. salazar pushed for greater conservation and renewable energy. and, he oversaw a moratorium on offshore drilling after the b.p. oil spill in 2010. industry groups said the shutdown cost thousands of jobs, but salazar defended it today in his departure statement. attackers in algeria stormed a b.p. natural gas complex today and took dozens of foreigners hostage, incl
obama demands the wealthy pay their fair share of taxes, but he's just another elitist hypocrite when it comes to a fair share of security. protection for their kids and gun-free zones for ours. >> suarez: today, a white house spokesman called the ad with its use of the obama children repugnant and cowardly. >> brown: coming up, we'll have reaction to the president's approach. also ahead: general stanley mcchrystal; the obama campaign's online push and a cyclist's confession. but...
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Jan 21, 2013
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in terms of tax rates. so fairness would be a part of -- >> that's established. now we're ready for the medicare reform, right? >> well, i guess we're ready to start talking about them joe. >> mark i love what you've written. obama's moment to call us to a greater collective commitment. i think this really resonates with something we've been yearning for on the show. you say this. to borrow a signature phrase let me be clear, this day is not about him, it's about us our nation, our future. where do we go from here? what is the right path forward? how do we come together? here's what i do want to hear. the word "we." a call to a greater collective commitment, a recognition of the sacrifices to come a signal of willingness nessness to do the unpopular to take on his political base a surprise or two, humility faith, gratitude, and keep it short. how great a legacy to leave to call together an anxious nation to calm the divide and ask brothers to lay down their arms to inspire them to a greater cause, to fight
in terms of tax rates. so fairness would be a part of -- >> that's established. now we're ready for the medicare reform, right? >> well, i guess we're ready to start talking about them joe. >> mark i love what you've written. obama's moment to call us to a greater collective commitment. i think this really resonates with something we've been yearning for on the show. you say this. to borrow a signature phrase let me be clear, this day is not about him, it's about us our...
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Jan 21, 2013
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the professional tax software. >>> we welcome you back to washington, d.c. where security is obviously tight for today's inaugural events. we'll talk to a former secret service agent who served on president obama's detail. but first pete williams has more on the challenges posed by an event of this size and scope. good morning, pete. >> good morning, matt. most heavily secured event in washington. they anticipate a much smaller turnout but for the secret service the preparation is just as intense. an 11-year veteran of the secret service, dan bunchino, knows what goes into making it safe. >> we think about what you don't have to, chemical attacks, vehicle-born explosives, a fire. you have to make pennsylvania avenue nearly a quadron of washington, d.c. as secure as the white house. >> reporter: before retiring he was in the elite group assigned to product the president. he walked a few steps from barack and michelle obama in the last inauguration. >> reporter: tell me what it's like when you are walking a few steps away from a presidential limousine or presi
the professional tax software. >>> we welcome you back to washington, d.c. where security is obviously tight for today's inaugural events. we'll talk to a former secret service agent who served on president obama's detail. but first pete williams has more on the challenges posed by an event of this size and scope. good morning, pete. >> good morning, matt. most heavily secured event in washington. they anticipate a much smaller turnout but for the secret service the preparation...
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Jan 21, 2013
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more tax hikes on the rich? >> i think that's exactly right. he's not terribly interested in the economic agenda. you would think a country with historically high unemployment, historically we've never had higher chronic unemployment with a recovery that's the weakest since the second world war and with 16 trillion dollars of debt would address that in his inaugural address and the only extent he does, as you mention right here, is sort of class war on what he seems to attribute to the selfishness of the rich, without giving it any serious consideration. so, to the extent he's interested in the economy, he will use it for a little class war, for a little levelling, reduction, inequality. but he's outlined, showing that's not his main interest. the main interest is changing the nature of the relationship between citizen and state, where he restores the prestige of the government, the importance of the government, which used to be the case in the heyday of the liberalism before ronald reagan. >> megyn: when you heard him condemning the name calli
more tax hikes on the rich? >> i think that's exactly right. he's not terribly interested in the economic agenda. you would think a country with historically high unemployment, historically we've never had higher chronic unemployment with a recovery that's the weakest since the second world war and with 16 trillion dollars of debt would address that in his inaugural address and the only extent he does, as you mention right here, is sort of class war on what he seems to attribute to the...
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Jan 19, 2013
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. >> there is a lot of hard earned tax money going for unfortunately theater security. >> reporter: they are still going to useful body scanners that create generic images but they point out that travelers can opt out of the body scan with a pat down if they prefer. >> heather: you are really disappointed. >> gregg: it's my only attempt at exhibitionism, little joys in life. all right. >> heather: pricy body scanners that gregg loves is request matter of questionable government spending as president obama prepares for his second term has a lot of work ahead of him to cut wasteful spending and bring the debt under control. a new fox poll finds more than eight out of ten americans believe government spending is out of control. so what can we expect to see in the next four years. let's written bri in jamie whining o weinstein. so eight out of ten americans say we spend too much but up from 2010, 62% from 2009, regardless people think we spend too much. if you break that apart further, almost all republicans and independents and two-thirds of democrats they all agree, government spending is
. >> there is a lot of hard earned tax money going for unfortunately theater security. >> reporter: they are still going to useful body scanners that create generic images but they point out that travelers can opt out of the body scan with a pat down if they prefer. >> heather: you are really disappointed. >> gregg: it's my only attempt at exhibitionism, little joys in life. all right. >> heather: pricy body scanners that gregg loves is request matter of...
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Jan 13, 2013
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>> there are many families down here, ones that pay taxes, pay their flood insurance, pay their home owners insurance and are now paying rent on top of everything else. they have the money, i'm sure each and every one of them got their christmas bonuses we're sitting here, sitting here trying to do everything ourselves. >> alisyn: they have been waiting a long time and obviously very angry. the house of representatives are set to vote on the 51 billion dollar release bill on tuesday. this is good news on the condition of former president george h.w. bush. last night a spokesman for the 41st president said he could be released from a houston hospital this week, and president bush's son jeb is more optimistic and he says he thinks his father will go home tomorrow. the 88-year-old was admitted for a bronchitis related cough. >> mike: what a night if you're a football fan. if you watched the broncos-ravens game. >> tucker: no. >> mike: it's an instant classic, we'll see it over and over again on espn. under a minute to go, ravens q.b. flacco hits the hail mary kind of pass and i don't kn
>> there are many families down here, ones that pay taxes, pay their flood insurance, pay their home owners insurance and are now paying rent on top of everything else. they have the money, i'm sure each and every one of them got their christmas bonuses we're sitting here, sitting here trying to do everything ourselves. >> alisyn: they have been waiting a long time and obviously very angry. the house of representatives are set to vote on the 51 billion dollar release bill on...
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Jan 21, 2013
01/13
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tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. go, go, go, go! bye sweetie. honey what are you doing? we gotta go! it's dress-like-a-president day, i'm supposed to be martin van buren. who? martin van buren! google? martin van buren. ♪ [ female announcer ] new roc® retinol correxion max. the power of roc® retinol is intensified with a serum. it's proven to be 4x better at smoothing lines and deep wrinkles than professional treatments. roc® max for maximum results. >>> welcome back to our continued coverage of the presidential inauguration. while president obama and the vice president and their families are eating lunch inside the capitol, most folks are heading over to the parade grounds. let's check in with erin burnett who is standing over at freedom plaza. erin, how are the crowds where you
tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. go, go, go, go! bye sweetie. honey what are you doing? we gotta go! it's dress-like-a-president day, i'm supposed to be martin van buren. who? martin van buren! google? martin van...
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Jan 15, 2013
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say they they make up 16% of the taxes collectle in the country. all the different argument. what about the concern over the country's fiscal situation. and how it factors in to this particular disaster relief bill after the house passed the $9 billion relief bill, the first tranche of relief the last two weeks. new jersey governor chris christie criticized for the delay to this point. thenate doing something two weeks ago. it seems to me that the criticism it's a blunt instrument. 1.6% of discretionary spending lop it off and throw it away. if you look at priest proposals, doing away with the legal services and you think wait a minute. there is a political agenda here being pursued by people who want to do away with the discretionary spending. the comeback has been this is the first time. you have never had a situation where disaster relief has been attached to, the compensatory cuts in the rest of the budget. >> bret: right. that is a fair point. they makebe is that to tie all of this together has not happened before. it didn't happen in katrina and it didn't happen in othe
say they they make up 16% of the taxes collectle in the country. all the different argument. what about the concern over the country's fiscal situation. and how it factors in to this particular disaster relief bill after the house passed the $9 billion relief bill, the first tranche of relief the last two weeks. new jersey governor chris christie criticized for the delay to this point. thenate doing something two weeks ago. it seems to me that the criticism it's a blunt instrument. 1.6% of...
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xlees with tax breaks for rum distillers? i need a drunk. >>> i'm kry is tal ball. are we turning our kids in to narcissists? >>> a dope. lance armstrong comes clean to the queen of talk but who needed the interview more, lance or oprah? >>> i'm shooting straight coming to guns. ready, aim? "the cycle" is on fire. >>> the house is back and getting serious about the constitution. members spent 1:05 reciting the entire u.s. constitution. it's the basis of our government, of course, but this is only the second time ever the entire document was read aloud in the house. >> we the people of the united states in order to form a more perfect union -- >> no person except a natural-born citizen shall be eligible to the office of president. >>> the powers to all cases of law and equity. >> full faith and credit given in each state to the public acts. >> congress shall make no law respecting an establishment of religion, the right of the people to keep and bear arms shall not be infringed. >> neither slavery nor involuntary servitude shall exist within the united states. >> the
xlees with tax breaks for rum distillers? i need a drunk. >>> i'm kry is tal ball. are we turning our kids in to narcissists? >>> a dope. lance armstrong comes clean to the queen of talk but who needed the interview more, lance or oprah? >>> i'm shooting straight coming to guns. ready, aim? "the cycle" is on fire. >>> the house is back and getting serious about the constitution. members spent 1:05 reciting the entire u.s. constitution. it's the...
SFGTV2: San Francisco Government Television
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Jan 21, 2013
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we can talk about regulation and pension and taxes and the government. a lot of that is [inaudible] a survey said housing prices are too high and that is a negative factor on recruitment. i thought, maybe we can bring the prices down. foreclosure works magic. i do not think you want that. you want rising wealth which could translate into a rising houses -- housing prices. you can increase density and breakdown similar rules, you get more people. there's a lot of things. as i drove down here from oakland cut -- oakland, i saw those cars in the ordinary lanes. one person per car. you have this one person with all this steel and plastic and oil. it is ridiculous. we're figuring out ways to do that. whether it is high speed rail or electric cars. the first will be rolling off the factory in treatments in the next few months -- in three months and in the next few months. yes, the innovative companies are small. the electric cars -- the tanks are small but so is fairchild or in tal or hewlett-packard -- intel or hewlett-packard or steve jobs. the seats we plan
we can talk about regulation and pension and taxes and the government. a lot of that is [inaudible] a survey said housing prices are too high and that is a negative factor on recruitment. i thought, maybe we can bring the prices down. foreclosure works magic. i do not think you want that. you want rising wealth which could translate into a rising houses -- housing prices. you can increase density and breakdown similar rules, you get more people. there's a lot of things. as i drove down here...
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Jan 14, 2013
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i have also said that we need more revenue, through tax reform, by closing loopholes in our tax code for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we can solve the deficit issue without sacrificing our investments in things like education that are going to help us grow. turns out the american people agree with me. they listened to an entire year's debate over this issue and they made a clear decision about the approach they prefer. they don't think it is fair, for example, to ask a senior to pay more for his or her health care or a scientist to shut down life heavy saving research so the that a multimillionaire investor can pay less in tax rates than a secretary. they don't think it is smart to protect endless corporate loopholes and tax breaks for the wealthiest americans, rather than rebuild our roads and our schools, invest in our workers skills or help manufacturers bring jobs back to america. so they want us to get our books in order in a balanced way where everybody pulls their weight,
i have also said that we need more revenue, through tax reform, by closing loopholes in our tax code for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we can solve the deficit issue without sacrificing our investments in things like education that are going to help us grow. turns out the american people agree with me. they listened to an entire year's debate over this issue and they made a clear decision...
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Jan 17, 2013
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tax. you are going to learn about it tonight. please welcome roseanne demoro. he is now the dean of university of indiana school of public affairs out with a new book just now, the first i know of that gives suggestions and ideas -- specific public policy ideas he believed both the left and right can agree on. please welcome my friend john gramm. and she has a new assignment, just elected the congressional chair of the black caucus out of ohio. please welcome congresswoman marcia fudge. [applause] jeffrey, i want to start with you, in part because you have come the farthest, i guess you get to go first. i will keep you awake. i want to start, though -- i'm not the one that likes to use a bunch of statistics because they can be hard to follow. because this program right now is being seen live across the nation, i want to make sure that those watching can get a chance to contextualize what happened with the issue of poverty across the nation. these are issues that come from 1989. here's what
tax. you are going to learn about it tonight. please welcome roseanne demoro. he is now the dean of university of indiana school of public affairs out with a new book just now, the first i know of that gives suggestions and ideas -- specific public policy ideas he believed both the left and right can agree on. please welcome my friend john gramm. and she has a new assignment, just elected the congressional chair of the black caucus out of ohio. please welcome congresswoman marcia fudge....
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Jan 18, 2013
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let's bring the tax rates down and reform the tax system. let's have more pro drilling and pro energy policy. let's get some of the these regulations to make sense. we go on and on, but the thing that was amazing and i think you and i and most americans would agree with the recommendations, the president did virtually nothing with these. >> neil: a lot of administrations of commissions where they look into something and then the final report collects dusted. i always think with the president involved, if you are commission doing something really dicey, you stand behind them. they come out with a recommendation you put yours in with theirs, this unbiased and sort of boundless commission has come up with ideas, some of which i like, some i don't like but i stand by the key recommendations, yea or nay, he would be richly rewarded? >> there is a problem with that. if you look at the recommendation, things about lowering tax rates, that is opposite what the president wanted to do. he wanted to have the mirror of this group of very respected busin
let's bring the tax rates down and reform the tax system. let's have more pro drilling and pro energy policy. let's get some of the these regulations to make sense. we go on and on, but the thing that was amazing and i think you and i and most americans would agree with the recommendations, the president did virtually nothing with these. >> neil: a lot of administrations of commissions where they look into something and then the final report collects dusted. i always think with the...
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Jan 14, 2013
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don't forget the dependency deduction, child tax credit and earned income tax credit. all of which relate to cost of raising kids but have different requirement based on the child's location and legal status. experts say not to expect meaningful tax reform this year. >> you have a clear commitment on the part of president obama and democrats to use tax reform as means of raising extra revenue. not creating re-knew neutrality. if you try to raise revenue out of tax reform you will get higher rates. >> at the news conference, president obama made clear what he thinks about the 4 million words simplifying them or using them to promote economic growth are not priorities. >> from the start, my concern was making sure that we had a tax code that was fair. and protected the middle class. >> another related reason who i the tax code reform never gets done each loophole credit, preference and provision is favored by some interest group or another. which is in turn backed by veritable army of lawyer, accountant fighting to keep them where they are. >> bret: thank you. no grapevi
don't forget the dependency deduction, child tax credit and earned income tax credit. all of which relate to cost of raising kids but have different requirement based on the child's location and legal status. experts say not to expect meaningful tax reform this year. >> you have a clear commitment on the part of president obama and democrats to use tax reform as means of raising extra revenue. not creating re-knew neutrality. if you try to raise revenue out of tax reform you will get...
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Jan 20, 2013
01/13
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we've gotten tax increases. albeit went from the 250,000 limit to 400,00 but at the end of the day it is still a tax increases on small businesses and entrepreneurs like myself who, remind you, many years may have gone with little or no pay. have risked absolutely everything, at times, we even mortgaged our house for our business. and then when we finally do make it and reach a certain income level the government steps in and takes more of our money. somehow that to me is not a pro-growth policy and doesn't encourage growth. neil: are you seeing growth, to his point, are you see some pickup in loan activity because the argument you hear in the white house and other democrats is that that might be the quiet wind behind our back? that might be the pickup that we're seeing in housing and manufacturing data and in some of these job figures. it is picking up. that might ease angst like yours? >> no. we're, we're, actually, what we're seeing is, in the, in the past six months there was that glimmer of hope, the glimme
we've gotten tax increases. albeit went from the 250,000 limit to 400,00 but at the end of the day it is still a tax increases on small businesses and entrepreneurs like myself who, remind you, many years may have gone with little or no pay. have risked absolutely everything, at times, we even mortgaged our house for our business. and then when we finally do make it and reach a certain income level the government steps in and takes more of our money. somehow that to me is not a pro-growth...
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Jan 16, 2013
01/13
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CNBC
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you need tax reform, in my view, corporate pad taxes are too high in the competitive world we're in. get those issues in front of them and then deal with the spending issues, which primarily are in medicare-medicaid and some of the other domestic -- >> how should people feel when they read this john boehner interview where he said the president said, we don't have a spending problem. how should people feel about that? >> if he said that, there's no way to agree with that. look, we're spending 24 percent of gdp and we're taking in 16%. we've got a spending problem. part of the spending problem is the recession that we've been in. the thing you've got to remember all of this has to be designed to get strong economic growth. the goal is not to cut spending or deal with the deficit. those are vehicles to get to the main goal getting the economy to grow at a faster rate. >> it is possible for someone to look at what he thinks government should provide for its citizens and it is possible to believe that 25% of gdp should be spent on government services. it is possible that he believes that
you need tax reform, in my view, corporate pad taxes are too high in the competitive world we're in. get those issues in front of them and then deal with the spending issues, which primarily are in medicare-medicaid and some of the other domestic -- >> how should people feel when they read this john boehner interview where he said the president said, we don't have a spending problem. how should people feel about that? >> if he said that, there's no way to agree with that. look,...
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Jan 19, 2013
01/13
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we'll let you raise taxes on the rich. which only will reyour trillion dollar deficit spending each year 5%, folks. so they gave them that. what does he come back with? we want more. i want more tax hikes which aren't going to do anything to calm the debt and the spending. he is not willing, and so i think back to what joe said. i think marco said this too. small business owners and large corporations can't trust the president. that's why they're sitting on top of all this cash and not hiring. that doesn't bode well. neil: marco, quickly you see nothing to dissuade you or some of your colleagues from getting off that? >> businesses are still growing, neil but they're not growing as much as they otherwise would. and that uncertainty has a very real trickle down effect. i'll use us as an example. we're building a new gio pronto restaurant right now. i would have loved to borrow the total investment from people like joe and gold coast banking. no way i'm going to do that based on uncertainty. i go borrow less than i would oth
we'll let you raise taxes on the rich. which only will reyour trillion dollar deficit spending each year 5%, folks. so they gave them that. what does he come back with? we want more. i want more tax hikes which aren't going to do anything to calm the debt and the spending. he is not willing, and so i think back to what joe said. i think marco said this too. small business owners and large corporations can't trust the president. that's why they're sitting on top of all this cash and not hiring....
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Jan 14, 2013
01/13
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raise taxes or cut spending and congress has only raised taxes. if we don't do something about the tax code, we will continue to print money. host: kevin from woodbridge, virginia. caller: i have a bill with a to balance.$200 if i miss my payments, they will call me. how many follicles do the government debt saying, "when are you going to repay my money -- how many phone calls does the government get saying, "when are you going to repay my money?" we are a bunch of idiots that what our government do whatever they wanted. guest: not enough people are calling their representatives and senators about the debt ceiling and the way we've handled the last 12 months. what you have to do is call your congressman or senator. someone will answer and be polite to you. you have to insist to get the message through. elections have consequences. the division right now is very extreme. are we being played? politicians will wait until the last second until they do what is the right thing. i expect to happen this time is we will get around that during 26th or 27th
raise taxes or cut spending and congress has only raised taxes. if we don't do something about the tax code, we will continue to print money. host: kevin from woodbridge, virginia. caller: i have a bill with a to balance.$200 if i miss my payments, they will call me. how many follicles do the government debt saying, "when are you going to repay my money -- how many phone calls does the government get saying, "when are you going to repay my money?" we are a bunch of idiots that...
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Jan 15, 2013
01/13
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the dividend tax rates would go up dramatically in 2013. as the market moves on, take some money off the table, what we found the last three years is if you bought with the s&p is under the moving average, your average gain is 45.3%. if you bought when it was over the moving average, your average gain is 1.5% per year. i still think it'll be a back-and-forth market. take some profits in the euphoria. david: we think about what is happening inside the beltway. it is a global market. it is becoming more of a global market. you see global trade is really taking off in 2013. that leads to tremendous opportunities if it happens, right? >> i think so, david. evaluations are compelling whether it is europe, china. emerging market and even in japan. on the way to unlock the valuations and as investors come around to realizing those risks are receding, you will see a compression of the equity risk premium allowing evaluations to expand. david: lets michelle and she won one of those countries, japan. some people say this new leader going in the oppos
the dividend tax rates would go up dramatically in 2013. as the market moves on, take some money off the table, what we found the last three years is if you bought with the s&p is under the moving average, your average gain is 45.3%. if you bought when it was over the moving average, your average gain is 1.5% per year. i still think it'll be a back-and-forth market. take some profits in the euphoria. david: we think about what is happening inside the beltway. it is a global market. it is...